The standard-offer rate for Central Maine Power customers will decrease by 35%; Versant Power customers will see a 24% drop. The decreases are the result of a big drop in natural gas prices.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News, Politics
Deutsche Bank was keen to land a ‘whale’ of a client in Trump, documents at his fraud trial show
Prosecutors maintain that Donald Trump’s allegedly inflated financial statements were critical to netting his company the Deutsche Bank loans at favorable rates, saving him many millions of dollars in interest.
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Posted inBusiness, Nation / World, News
U.S. economy grew 5.2% in 3rd quarter, more than first estimated
The government’s other main gauge of economic activity – gross domestic income – rose a more moderate 1.5%.
Posted inBusiness, Maine, News
Tree farms in central Maine report brisk sales as people ‘spruce up’ for the holidays
The number of Christmas tree farms in Maine continues to decline, but those still in operation say sales this season have exceeded expectations.
Posted inBusiness, Nation / World
World economy to slow next year because of inflation, high rates and war, OECD says
The Organization for Economic Cooperation and Development expects the world’s two biggest economies, the United States and China, to decelerate next year
Posted inBusiness, Maine
Maine lobstermen signal opposition to participating in ropeless testing program
The state has been awarded $5.1 million to research alternatives to the traditional trap-and-buoy lobster gear that requires vertical lines that can entangle whales.
Posted inBusiness, Nation / World, Sports
Sports Illustrated is the latest media company damaged by an AI experiment gone wrong
The online magazine stands accused of being less than forthcoming about who or what is writing its stories at the dawn of the artificial intelligence age.
Posted inBusiness
Charlie Munger, Warren Buffet’s longtime sidekick at Berkshire Hathaway, dies at 99
Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died.
Posted inBusiness
American consumers more confident in November as holiday shopping season kicks into high gear
The slight uptick follows three straight months of declines.
Posted inBusiness
Saudi Arabia’s capital Riyadh chosen to host the 2030 World Expo
Its bid focused on how to shape a prosperous and sustainable future.